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UK Railway Traction Motor Market (2023-2028) by Type, Power Rating, and Application, Competitive Analysis, Impact of Covid-19 with Ansoff Analysis

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  • 176 Pages
  • January 2023
  • Region: United Kingdom
  • Infogence Global Research
  • ID: 5566868

Factors such as an increase in freight transportation through railroad and growing popularity of metro rails are expected to boost the demand for the railway traction motor

The UK’s Railway Traction Motor Market is estimated to be USD 1.95 Bn in 2023 and is expected to reach USD 2.50 Bn by 2028, growing at a CAGR of 5.11%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing the risks.

Market Segmentations

The UK’s Railway Traction Motor Market is segmented based on Type, Power Rating, and Application.
  • By Type, the market is classified into DC Traction Motor, AC Traction Motor, and Synchronous AC Traction Motor.
  • By Power Rating, the market is classified into Below 200 kW, 200-400 kW, and Above 400 Kw.
  • By Application, the market is classified into Diesel Locomotive, Electric Multiple Units, Electric Locomotives, and Diesel-Electric Locomotive.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ABB Group, Alstom SA, Lynch Motor Company Ltd., Mitsubishi Electric Corp., Siemens Ag, Toshiba Corp., etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the UK’s Railway Traction Motor Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the UK’s Railway Traction Motor Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the UK’s Railway Traction Motor Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the UK Railway Traction Motor Market

What is the estimated value of the UK Railway Traction Motor Market?

The UK Railway Traction Motor Market was estimated to be valued at $1.95 Billion in 2023.

What is the growth rate of the UK Railway Traction Motor Market?

The growth rate of the UK Railway Traction Motor Market is 5.1%, with an estimated value of $2.5 Billion by 2028.

What is the forecasted size of the UK Railway Traction Motor Market?

The UK Railway Traction Motor Market is estimated to be worth $2.5 Billion by 2028.

Who are the key companies in the UK Railway Traction Motor Market?

Key companies in the UK Railway Traction Motor Market include ABB Group, Alstom SA, HaslerRail Ag, Hitachi, Ltd, Houghton International, Lynch Motor Co. Ltd., Mawdsleys BER Ltd., Mitsubishi Electric Corp. and Siemens Ag.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Analyst Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Incorporation of Traction Motors in Railway Engines
4.1.2 Development of Traction Motor for Zero Emission
4.1.3 Low Maintenance Cost of New Launched Electric Traction Motors
4.1.4 Increasing Electric Railways
4.1.5 Increase in Allocation of Budget for Development of Railways
4.2 Restraints
4.2.1 Volatility of Raw Material Prices, Especially Copper
4.2.2 High Investment Cost
4.3 Opportunities
4.3.1 Market Players are Engaged in Strategic Joint Venture
4.3.2 Growing Technological Advancements
4.4 Challenges
4.4.1 Motor Failure due to Overheating

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of Covid-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis

6 UK’s Railway Traction Motor Market, By Type
6.1 Introduction
6.2 DC Traction Motor
6.3 AC Traction Motor
6.4 Synchronous AC Traction Motor

7 UK’s Railway Traction Motor Market, By Power Rating
7.1 Introduction
7.2 Below 200 kW
7.3 200-400 kW
7.4 Above 400 Kw

8 UK’s Railway Traction Motor Market, By Application
8.1 Introduction
8.2 Diesel Locomotive
8.3 Electric Multiple Units
8.4 Electric Locomotives
8.5 Diesel-Electric Locomotive

9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements

10 Company Profiles
10.1 ABB Group
10.2 Alstom SA
10.3 HaslerRail Ag
10.4 Hitachi, Ltd
10.5 Houghton International
10.6 Lynch Motor Co. Ltd.
10.7 Mawdsleys BER Ltd.
10.8 Mitsubishi Electric Corp.
10.9 Schaeffler Technologies Ag & Co. KG
10.10 Siemens Ag
10.11 Toshiba Corp.
10.12 VEM Group

11 Appendix
11.1 Questionnaire

Companies Mentioned

  • ABB Group
  • Alstom SA
  • HaslerRail Ag
  • Hitachi, Ltd
  • Houghton International
  • Lynch Motor Co. Ltd.
  • Mawdsleys BER Ltd.
  • Mitsubishi Electric Corp.
  • Schaeffler Technologies Ag & Co. KG
  • Siemens Ag
  • Toshiba Corp.
  • VEM Group